Half the city’s homes are flats but London is low in the high-rise stakes

Council Housing Thamesmead“An Englishman’s home is his castle” is an age-old adage but in London there’s a good chance that castle might be divided into a number of little towers.

Half the homes in London are not single houses but flats within larger buildings, whereas in England 80% of homes are single dwellings.

The data on housing stock reveals that London has about the same proportion homes in terraced houses as the country as a whole. But it has a much smaller proportion of semi-detached houses, and an even smaller proportion of households are in detached houses and bungalows, just 6% in the city.

housing stock by type london englang

Converted houses and re-purposed warehouses make up about at third of the flats in the capital while the remaining two thirds are purpose built.

But despite this prevalence of flats in the housing stock, London is far from being a city of high-rise living compared to other capitals globally.

Just 14% of homes are in buildings higher than 5 stories (the official classification for high-rise). In Tokyo it is more than double that, in New York over 3 times, and the tall classical buildings of European capitals mean that around 60% of the homes in Madrid and Paris are in high-rise dwellings.

housing stock flats global

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See also

Renting in London: 1 bedroom homes

Renting in London: A Studio

Tower Hamlets leads the way for London’s greener homes

Renting in London: 4 bedroom homes

The Royal Borough of Kensington and Chelsea, as its name suggests, has a number of esteemed residents living in larger properties. The area has streets of fine Georgian terraces and median rental on larger properties is the highest in London, and the highest in the UK at more than £9,000 a month.

Westminster is the second most expensive at £7,800, but these two boroughs are far removed from the rest of the market.

Rental 4 bed map

The wealthy West London boroughs of Richmond and Hammersmith and Fulham are in the next price tier along with Camden and Islington.

Central areas such as Tower Hamlets, which has expensive smaller housing stock through the development of areas like Canary Wharf and Limehouse, is cheaper for this size of property and in line with outlying boroughs such as Merton and Barnet.

Sutton and Bromley are noticeable more expensive than the boroughs in the east of the capital, while their prices have been more in line for smaller properties.

For bigger properties the gap between London and non-London prices is smaller than the premiums for 1,2 or 3 bedroom properties – it is only twice as expensive.

Rental 4 bed

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Renting in London: 2 bedroom homes

The additional cost of living in London really begins to show in 2 bedroom homes. For families who need more than a single bedroom the median price in London is £1,400, that’s 135% above the median price for England.

Rental 2 Bed

Data from the Valuation Office Agency, the body that advises the government on property values, shows the highest prices in the capital are in Kensington and Chelsea, and Westminster, with the City close behind.

Camden and Islington are in the tier below with median rental around £1,900 a month followed by the ring of inner boroughs and Haringey.

Rental 2 bed map

As with smaller properties, median prices are lowest on the south and east edges of the capital.

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More on Renting in London

 

Renting in London: 1 bedroom homes

For a single person or a couple the step up in monthly rental from a studio to a 1 bedroom flat costs an additional £300. The median rental price in London for a 1 bedroom home is £1,155, more than double the median price for England of £525.

Rental 1 Bed

Data from the Valuation Office Agency, the body that advises the government on property values, shows the highest prices in the capital are in Kensington and Chelsea and Westminster, with the City close behind.

Camden and Islington have prices in excess of £1,400 and there is a ring of inner London boroughs, from Hackney in the north east to Hammersmith in the west and Lambeth in the south where monthly rents are still above £1,200.

Rental 1 bed map

Further out, prices are broadly the same in Barnet, Hounslow or Merton. Cheaper prices can be found in the south, in Sutton, Croydon and Bromley. But only Havering, Barking and Dagenham and Bexley offer a median rent below £800 a month for 1-bedroom properties.

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More on Renting in London